GOLD sticks to the plan all the time, additional confirmation may be the expected US dollar data, which are better than previous readings, which may drive gold decline.
Unfortunately, there are two scenarios to take in the current situation because the previous moves lacked a clear direction.
As you can see, gold breaks through the support, then the resistance, rebounds from the designated levels, but there are no specific moves by the institution.
You can see the left arm and head on the graph in its present form, but it’s too quick to talk about it. If the rate behaves as we have assumed for several days, then RGR will be played with the level behind the bottom of the channel.
Now there are two possible scenarios;